Richardson Electrs Ltd SEC Filings

Richardson Electronics, Ltd. filed a definitive proxy (DEF 14A) presenting six proposals for shareholder action, including election of director nominees and routine matters. Shareholders were asked to ratify BDO USA, P.C. as the independent registered public accounting firm for fiscal 2026 and to approve, on an advisory basis, the compensation of Named Executive Officers. The company sought approval to increase shares under its Amended and Restated 2011 Long-Term Incentive Plan and to amend its Certificate of Incorporation to raise authorized common stock. The filing discloses ownership stakes for institutional holders such as BlackRock (892,375 shares), DDD Partners (1,161,625), Dimensional (939,058), Royce (1,248,276) and Vanguard (686,204), and describes equity award accounting (ASC 718) and vesting terms with market value per share at $8.95 as of May 30, 2025.

Wendy Diddell, who is listed as both a director and the Chief Operating Officer of Richardson Electronics, Ltd. (RELL), reported a transaction dated 08/15/2025. The Form 4 shows a disposition of 250 shares of the issuer's common stock recorded as a gift with a reported price of $0. After the transaction she is reported to beneficially own 127,044 shares. The filing includes an explanatory statement that the transfer "represents a bona fide gift" and that Mrs. Diddell disclaims all beneficial and pecuniary interests. The form was signed by an attorney-in-fact on 08/19/2025.

Wendy Diddell, Richardson Electronics (RELL) director and COO, reported a non‑derivative disposition of 500 common shares on 08/13/2025 recorded as a bona fide gift. The transaction was coded as a gift with a $0 price, reducing her direct beneficial ownership to 127,294 shares. The filing notes she disclaims all beneficial and pecuniary interests in the gifted shares and the Form 4 was signed by an attorney‑in‑fact. No derivative instruments, options, grants, or purchases were reported in this filing.

Richardson Electronics, Ltd. requests shareholder votes on routine and structural proposals at its upcoming meeting. The company asks shareholders to elect director nominees and to ratify BDO USA, P.C. as its independent auditor for fiscal 2026. Shareholders will cast an advisory vote on Named Executive Officer compensation and consider an increase in shares available under the Amended and Restated 2011 Long-Term Incentive Plan. The company also seeks approval of a Second Amended and Restated Certificate of Incorporation to increase authorized common shares. The filing discloses equity holdings and option/restricted stock details for directors and major institutional holders.

Kathleen McNally, EVP Global Supply Chain of Richardson Electronics, Ltd. (RELL), exercised employee stock options and sold shares in a linked set of transactions. She exercised options covering 1,853 shares at $6.90, 3,600 shares at $5.61, and 2,964 shares at $4.26 (totaling 8,417 shares acquired). The reporting shows a subsequent sale of 8,417 common shares at a weighted average price of $10.0077, with prices in the sale ranging from $10.00 to $10.13.

Following these transactions the filing reports beneficial ownership of 45,719 shares. The filing also discloses the vesting schedules for the option grants (vesting 20% per year beginning on the specific grant start dates provided).

Richardson Electronics, Ltd. (RELL) – Form 4 filing (07/24/25)

Executive Vice President, Global Supply Chain, Kathleen McNally reported a non-open-market disposition of 450 common shares on 07/22/25. The shares were surrendered to the company at $9.64 per share to cover income-tax withholding triggered by the vesting of a previously disclosed restricted-stock grant. This net-settlement transaction does not constitute an open-market sale. Following the withholding, McNally’s direct ownership declined to 45,719 shares.

No derivative transactions were reported and there were no changes in indirect holdings. The filing is routine, compliance-driven and immaterial relative to RELL’s ~12 million outstanding shares.